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February 24, 2021
Question

Washsale with a net loss of 2 dollars is giving an error on Turbotax and not letting me finalize my return. What should I do?

  • February 24, 2021
  • 1 reply
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1 reply

RayW7
February 24, 2021

This is probably due to a rounding error-

 

If the wash sale was less than .50 cents you will need to leave the wash sale blank. 

 

You can make the adjustment on your wash sales to correct this by:

  1. Open your return in TurboTax.
  2.  In the Search box enter "wash sales".
  3. Select the Jump to wash sales link.
  4. You will see all of your entries for your sales of stock.
  5. Click on Edit next to the one you need to change.
  6. In box 1g of your stock sale, you can make your change.
  7. Select Continue and answer any follow-up questions.
  8. Once you have made your change, it will be reflected under adjustment for that particular stock sale.